Sec. 9. financial transactions with foreign governments in default
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## Sec. 9 financial transactions with foreign governments in default The Act entitled “ An Act to prohibit financial transactions with any foreign government in default of its obligations to the United States ”, approved April 13, 1934 (U.S.C. title 31, sec. 804a), 16 is amended by adding at the end thereof a new section to read as follows: 16Sec. 21 of the Act of June 25, 1948 (62 Stat. 862) repealed 31 U.S.C. 804a. Matters related to financial transactions with foreign governments in default to the United States are now covered by 18 U.S.C. 955. > > ## “Sec. 3 > > While any foreign government is a member both of the International Monetary Fund and of the International Bank for Reconstruction and Development, this Act shall not apply to the sale or purchase of bonds, securities, or other obligations of such government or any political subdivision thereof or of any organization or association acting for or on behalf of such government or political subdivision, or to the making of any loan to such government, political subdivision, organization, or association.” > .
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- 62 Stat. 862
- 31 USC 804a
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Sec. 9
financial transactions with foreign governments in default
Stat.62 Stat. 862
Cite31 USC 804a
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